Member Info for sen70

Matt you are scaremongering pure and simple. There is no indication that funding has crash and burned otherwise they would have to state so in the RNS and never said suspension was a good thing but let us not jump the gun like you are.

MattTheBrave it is a temp suspention and is either a tactical move to stem the selling as false rumours spread or there is a placing coming. So still could be good news. The RNS today never said funding has failed so still there is no reason to suspect anything yet. Looks like 5days after the 18th is the final deadline so not long to find out once and for all.

I bit much saying it has destroyed his reputation. He has been over optimistic with timescales that is about it, not good but not that bad. What is needed is funding news to be completed. I will reserve judgement until we get news either of completion or no funding. Nothing to suggest funding will not be completed at this stage.

It was a loan for working capital to see the comapny through to finalizing funding and potentially share buy back.

yup suspension is scary good or bad. Next few weeks we will see what is going on. good luck.

I doubt they need a bargaining tool the company is already in dsucssions with the funding partner they want. It was either suspenion or allow the share price to continue to drift lower (on false accusations) over the next week or two as they sort out funding. this will come good im sure of it, I do not see any readon for Arcux to back out and there has been no mention of them doing so in the RNS this morning.

'The Directors of Paragon remain in negotiations with possible funding providers to secure finance in order to complete the acquisition of Mothae, provide development funding for Lemphane and to repay short-term debts including the £500,000 loan facility which is due on 18 November 2015' just might take a tad longer but the lender can decide to have shares at 5.2p instead.

Minimal compared to other miners.

Aim stocks are risky but I would say PRG is less risky than most other miners. The only risk I see is if funding falls through but I this is worst case scenario. With funding they are full steam ahead on two mines. Production will start relatively short term and this is when the larger investers/herd will take note. I remember Philip Manduca saying at the very very worst they break even at the end of it, so risk is minimal.

It is a given that alot rides on this funding going through but the risk is not really that bad, or not as bad as your making out. Funding will ge sorted out eventually so the risk is how long is it going to take. Although shareprice has drifted there is has been no indication of funding fallen through, although some rumours which I believe to be false are making the rounds. We are in the news window now and if not funding next week we are guaranteed an update around the 18th.

Have no idea where you are getting its much worse It is a good deal, perhaps slighly worse than ITGT in monetary value but as philip manduca said he wants more than just money. ITGT are still in the frame aswell for the distribution side of things.

Also just to add you are completely under estimating Lanstead being bought out. PRG was in a death spiral so shareprice would be alot lower than it is now if Titanium did not step in.

Arcux deal is good, might not be as good as ITGT but still. As philip manduca said Arux bring more to the table than just funding.

not exactly true Lanstead have gone and we are in the process of getting Mothae and funding completed. however I do agree that his credible his fading. The next few weeks will get interesting.

The thing is Philip Manduca has brought this on himself. He has give the bear raiders a huge window of un-certaintly as funding gets drawn out. PRG need to step up now and release news over the next few weeks at the latest. Still holding my shares with alot of confidence just never nice seeing the price down. Good luck.

So yet again is looks like PRG is under attack by bear/short raiders. Rumours appearing from un-official sources attacking the company. Twice now in the last few months this has happened. Low shareprice currently, let us hope Philip Manduca finally releases the news next week to squash these liers.

alot of stops hit by the looks of it

never thought we would see this price so close to news crazy

At the very worst by year end I said. Personally I am still expecting it before the 18th, I just do not see how it can take any longer than that. Granted it is millions of pounds we are talking about but still he has had plenty of time now. As for production it can be fast tracked, Mothae is ready to go Lemphane is not far behind.

I do not see the point of selling when funding is round the corner. However it is not suprising to see a few weak sellers eroding the shareprice as they lose faith and hope, but even if is extended past the 18th I think it is highly likely that we will see funding before year end at the very worse. Good luck all.